Key Notes

• BNC bought 200,000 BNB, becoming the top corporate crypto holder.
• The acquisition is backed by $500M private placement.
• Analysts see a potential BNB price rally to $1,200 in the near-term.

Nasdaq-listed BNC (formerly VAPE) has announced a $160 million purchase of 200,000 Binance Coin BNB $815.5 24h volatility: 1.4% Market cap: $113.56 B Vol. 24h: $1.27 B . The acquisition was financed through a $500 million private placement led by 10X Capital and YZi Labs.

The move has led BNC to become the largest corporate holder of the fifth-largest cryptocurrency worldwide. The company has also revealed plans to expand its BNB holdings up to $1.25 billion through its warrant structure, reinforcing a long-term crypto-first strategy.

To spearhead this investment shift, BNC has restructured its leadership team. David Namdar, co-founder of Galaxy Digital, takes over as the new CEO. Additionally, Hans Thomas and Alexander Monje from 10X Capital have joined the company’s Board of Directors.

BNB’s Growing Status as a Reserve Asset

BNB boasts $12.3 billion in total value locked and ranks as the third-largest blockchain by TVL. Its network processes transactions in just 0.75 seconds, with average gas fees of $0.01, making it one of the most scalable chains in the market.

Market observers note that at least 30 publicly traded companies are exploring BNB Treasury strategies, potentially adding $1.2 billion in buying pressure. Last week, at least three companies announced the addition of BNB to their corporate treasury strategy.

Institutional holdings already account for 1% of BNB’s total supply, underlining the crypto’s growing status as a reserve asset.

BNB is currently trading near $814, up 2% in the past 24 hours and just 5% shy of its all-time high of $859 reached on July 28.

BNB Price to $1,200 Soon?

The growing interest from institutional investors, along with BNB’s operational strengths, has set the stage for potential long-term growth.

On the daily BNB price chart, the RSI is hovering near 68, approaching the overbought zone. This suggests strong bullish momentum, though a brief consolidation could occur before the next leg up.

A rejection at the peak of $859 could trigger a pullback to the support level around $780.

BNB price chart with RSI and Bollinger Bands | Source: Trading View

Bollinger Bands are widening with price currently approaching the upper band, which is a sign of sustained buying pressure. A breakout above $859 could lead the crypto toward $1,000 and potentially $1,200.

The Moving Average Convergence Divergence (MACD) remains in positive territory, with the MACD line well above the signal line, confirming bullish sentiment.

BNB price chart with MACD | Source: Trading View

During the weekend, crypto analyst Ali Martinez suggested BNB’s price trajectory’s similarities with Bitcoin’s historic price structure.

$BNB is mirroring Bitcoin $BTC price structure and could be in the early stages of a bull rally to $1,200! pic.twitter.com/mohHzP5B0Z

— Ali (@ali_charts) August 9, 2025

He forecasted that it could be one of the next crypto to explode, setting a price target of $1,200, a level 47% up from the current prices.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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